Employee theft in the workplace is a serious problem for employers: 75 percent of employees have stolen from their employer at least once, and business…
THE BOWMAN BLOG
We’re happy to offer news, updates, and thought leadership to our clients, friends, and subscribers. Please feel free to look around and subscribe to whatever topics you’re interested in using the form to the right.
FAQs about Home Office Deductions
by Bowman & Company LLP | Feb 13, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
In the past, home office deductions were available to a wide range of taxpayers, including certain employees who worked from home. But the Tax Cuts…
Avoidable Faults in Company Retirement Plans
by Bowman & Company LLP | Feb 7, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
It is never a bad idea to review your retirement plan and how effectively it is working. Whether your plan needs an audit or not, you should…
Low Tax Rates Provide Opportunity to “Cash Out” with Dividends
by Bowman & Company LLP | Feb 6, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
Under current tax law, the federal income tax rate for C corporations is a flat 21%. Under prior law, C corporations faced a graduated federal income…
Further Consolidated Appropriations Act: What You Should Know Now
by Bowman & Company LLP | Jan 31, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
On December 20th, the Further Consolidated Appropriations Act was signed into legislation, which effectively extended tax provisions that were set to…
Late Retirement Plan Contributions and What to Do About Them
by Bowman & Company LLP | Jan 29, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
One of the most common mistakes we see when auditing retirement plans is a lack of compliance with the handling of late employee contributions. Many plan…
US Department of Labor Is Expanding Employees Eligible for Overtime
by Bowman & Company LLP | Jan 20, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
Effective January 1, 2020, all employees must earn at least $684 per week (or $35, 568 annually) before they can be exempt from overtime. The current…
Tips for Securing Internet of Things (IoT) Devices
by Bowman & Company LLP | Jan 14, 2020 | Construction, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
Internet-connected devices or Internet of Things (IoT) devices are popular holiday gifts. Now that the holidays are over, our shiny new tablets, phones…
In Memoriam – Thomas P. Duffy: 1929 – 2020
by Bowman & Company LLP | Jan 10, 2020 | Construction, Events, Federal Services, For-Profit Entities, Funeral Homes, Government Entities, Healthcare, Not-for-Profits, Professional Services
Bowman & Company LLP extends its heartfelt condolences on the passing of our retired Partner, Thomas P. Duffy…
The SECURE Act: What You Should Know Now
by Bowman & Company LLP | Jan 10, 2020 | Construction, Federal Services, For-Profit Entities, Government Entities, Healthcare, Not-for-Profits, Professional Services
President Donald Trump has signed into law the Setting Every Community Up for Retirement Enhancement or SECURE Act. The Act ushers in major changes to…